Japan and the United States reaffirmed their cooperation on currency-market developments during meetings in Tokyo on May 12, as renewed volatility in the yen continued to draw attention from investors and policymakers.
Japanese Finance Minister Satsuki Katayama told reporters after meeting U.S. Treasury Secretary Scott Bessent that the two sides discussed exchange-rate movements and agreed to maintain close communication on financial markets.
“We discussed market developments, including exchange-rate moves,” Katayama said after the meeting at Japan’s Finance Ministry on May 12.
She added that Japan and the United States were “coordinating extremely well on recent market moves, including exchange rates,” and agreed to continue working closely on developments in the currency markets….
US, Japan Reaffirm Coordination on Currency Markets Amid Yen Volatility
